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Ever been to Peru, Illinois?

· Mar 25, 2026 at 08:08 PM

Little Peru Federal Savings--PFSB just reported year end. Stock trades at .68% of TBV, they just finished their first 10% buyback and have already applied and received second 10%. Net income last year was 1.7mm. 200mm in assets, equity is 39mm, close to 20%.


TBV will grow 10% a year, they go 3 years in October. I would suspect any decent banker around there will want to buy this and immediately use the excess capital to grow himself, or buy back his own stock.

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